MS Risk Blog

2014: The Year Cyber Danger Doubled

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As reported by ASIS 30 December, 2014

Former Michigan CISO Dan Lohrmann says 2014 saw cyber danger double, with ever more and larger cyberattacks, greater investments in cybersecurity, and growing public awareness of cyberthreats. Although 2013 was already a huge year for cyber issues, including the Edward Snowden leaks and the Target data breach, the big cybersecurity stories simply kept coming in 2014. Lorhmann points to numerous doublings in this realm, from reports at the costs of data breaches have doubled, military spending on cyber defense doubling, the number of cyber insurance policies doubling, and so forth. The government has been hit repeatedly, with the hack of the U.S. Postal Service only the most prominent such event occurring this year. Surveys show growing awareness of cybersecurity among the public, with a recent Gallup poll finding that having a phone or computer is now the second most-feared crime in America. All of the cyber news in 2014 came to a head with the Sony hack at the end of November, arguably the biggest cybersecurity story ever, which has grown from a leak of embarrassing emails and business secrets into an issue of national security and national pride. Lohrmann says the attention paid to cybersecurity will only increase in 2015, even as the Internet of Things and continuing trends such as cloud computing and mobile security continue to generate new threats and areas of concern……

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